Dollar retreats mildly today after PCE inflation data posted no surprises. While there is some profit taking, the greenback remains the strongest one for the week by some distance. Selling focus has turned from Euro Read more…
PCE price index ticks up; Rates in US rise December’s PCE data came into focus today from investors. The core PCE price index rose from 4.8% to 4.9% year-on-year. Currently, it is the highest since Read more…
US personal income rose 0.3% mom, or USD 70.7B in December, below expectation of 0.5% mom. Spending dropped -0.6% mom, or USD -95.2B, matched expectations. PCE price index accelerated slightly from 5.7% yoy to 5.8% Read more…
New Zealand dollar slides to 4-month low The New Zealand dollar is in trouble. NZD/USD is down 0.57% on Friday, after posting losses for six consecutive days. The pair has plunged 2.56% this week and Read more…
Microsoft doesn’t get the same publicity as rival Amazon, but it’s also working with some of the world’s biggest brands. Steady success over a long period stops becoming a news story. That’s what has happened Read more…
He sounds too good to be true, then he asks for money. Here’s what to look for, and how to report dating fraud. Recently one of my friends called me with some exciting news. She Read more…
Wall Street will struggle to climb out of the worst week for tech stocks in more than two years as investors worry that slowing growth and faster inflation will continue to clip corporate profit forecasts. Read more…
Apple surprised even the most hardened of analysts late Thursday with record global sales of $124 billion and Street-topping earnings for its holiday quarter. Apple (AAPL) – Get Apple Inc. Report shares jumped higher in pre-market Read more…
Robinhood shares are in retreat, along with its band of merry meme-stock traders. Here’s why investors are turning their backs (Hint: it’s about crypto). Robinhood Markets (HOOD) – Get Robinhood Markets, Inc. Class A Report and Read more…
On ongoing rebound in construction equipment demand helped power Caterpillar to stronger-than-expected fourth quarter earnings Friday. Caterpillar (CAT) – Get Caterpillar Inc. Report posted stronger-than-expected fourth quarter earnings Friday as an ongoing rebound in construction equipment Read more…